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Jake Smith , a single taxpayer, has the following itemized deductions: show me Home mortgage interest (first mortgage) $9,920 Charitable contributions. $2,000 State income taxes.
Jake Smith , a single taxpayer, has the following itemized deductions: show me
Home mortgage interest (first mortgage) $9,920
Charitable contributions. $2,000
State income taxes. $5,755
Deductible gambling losses $900
Property taxes $3,990
Deductible Margin Interest $3,400
What amount of itemized deductions, if any, would be allowed for purposes of the AMT?
A. $25,965
B. $25,065
C. 16,045
D. $20210
E. $16,220
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